STAKING REWARDS AS VENTURE CAPITAL, GOVERNED BY FUTARCHY

Summary from the TLDR Crypto newsletter

RawVentures is an ethresear.ch proposal for an ETH-native VC DAO that converts a fraction of staking rewards, not principal, into a venture vault, allowing stakers to accumulate vault shares without touching their staked ETH. Investment selection runs through prediction markets: vault shareholders forecast specific, measurable project milestones before capital is committed, and share redistribution flows from wrong forecasters to correct ones, building an on-chain track record of forecasting accuracy the proposal calls "Reputational Futarchy." The design positions the DAO as an Ethereum-specialist investor, arguing that protocol-native builder expertise surfaces deal flow that generalist VCs miss. Unresolved design questions include portfolio pricing mechanisms, manipulation resistance in the prediction markets, and a credibly independent process for verifying project outcomes.